New Delhi, July 19 -- AceVector, parent company of e-commerce marketplace Snapdeal, has confidentially filed draft papers with markets regulator Sebi to raise funds through an initial public offering (IPO).
In a public announcement on Saturday, AceVector stated that it has submitted "the pre-filed draft red herring prospectus with Sebi and the stock exchanges .in relation to the proposed initial public offering of its equity shares on the main board of the stock exchanges".
Apart from Snapdeal, the Gurugram-based AceVector also operates software-as-a-service (SaaS) platform Unicommerce, and consumer brand building firm Stellar Brands.
Of these, Unicommerce became a publicly listed company in 2024. The company's IPO had received an overwh...